10 W 122nd, New York, NY 10027

Fully Renovated 8-Unit Free-Market Multifamily in Prime Central Harlem

10 West 122nd Street is a stabilized, fully leased 8-unit multifamily building located on a quiet block in the Mount Morris Park Historic District. The building offers turnkey cash flow with near-term upside as rent concessions expire, all in one of Manhattan’s fastest-growing neighborhoods.

The property spans approximately 5,598 square feet across 3 stories plus an extension, featuring eight fully renovated apartments. All units are free-market and outfitted with modern finishes, hardwood flooring, and tenant-controlled split HVAC systems. Shared amenities include a furnished roof deck and on-site laundry room.

The current rent roll totals approximately $26,476/month ($317,715 annually), producing a T-12 NOI of $238,020. At the $3.99 million asking price, this yields a 5.95% cap rate with additional upside once concessions roll off.

Located right by Marcus Garvey Park, the building is close to the 2/3 and 4/5/6 subway lines, Metro-North, Columbia University, and the 125th Street commercial corridor. The property is surrounded by a mix of culture, restaurants, retail, and green space—making it highly desirable for tenants and investors alike.

This is an excellent opportunity for 1031 exchange buyers, long-term investors, and portfolio operators seeking a well-maintained asset with strong in-place income and predictable appreciation.